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Adastra Announces Supply Agreement with Pure Sunfarms

Monday, August 17, 2020 8:10 PM Share this article now    Topic: Company Update LANGLEY, BC / ACCESSWIRE / August 17, 2020 / Adastra Labs Holdings Ltd. (CSE:XTRX)(FRANKFURT:D2EP) (“Adastra”) a Health Canada Licensed cannabis processing and analytical testing services Company, is pleased to announce a cannabis supply agreement with Pure Sunfarms Corp. (“Pure Sunfarms”). “We are […]

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LANGLEY, BC / ACCESSWIRE / August 17, 2020 / Adastra Labs Holdings Ltd. (CSE:XTRX)(FRANKFURT:D2EP) (“Adastra”) a Health Canada Licensed cannabis processing and analytical testing services Company, is pleased to announce a cannabis supply agreement with Pure Sunfarms Corp. (“Pure Sunfarms”).

“We are pleased to finalize this cannabis biomass agreement with Pure Sunfarms. With a leader in cultivation in British Columbia in our backyard, we are fortunate to have access to the high-quality cannabis Pure Sunfarms produces on an industrial scale. This strategic biomass agreement will allow Adastra to secure its existing cannabis supply chain while expanding to meet the needs of our growing extraction capacity as we bring cryo-ethanol extraction online later this month to increase production volume.” – Andy Hale, CEO Adastra.

Figure 1 – First Pure Sunfarms Shipment at Adastra

Under the terms of the supply agreement Adastra will purchase 6,000 KG of high-quality cannabis biomass from Pure Sunfarms over a term of 6 months. A minimum of 500 KG of high-quality distillate will result from this initial term and provide the basis for significant revenues through bulk sales of distillate or incorporation into value-added cannabis concentrate products such as vaporizing pens, beverages, topicals, and edibles for our B2B clients.

“We are thrilled to establish this partnership with Adastra, another BC-based company that shares our passion for building expert teams who produce high-quality cannabis products. This supply agreement represents an opportunity for Pure Sunfarms to bring our BC cannabis to a growing cannabis market. We look forward to seeing our plants shine through Adastra’s product creations.” Mandesh Dosanjh, President & CEO, Pure Sunfarms

About Adastra Labs Holdings Ltd.

Adastra Labs Holdings Ltd. is a Langley, BC-based cannabis company with a co-located Health Canada Licensed Standard Processing Facility and Analytical Testing Laboratory. Adastra can produce cannabis extract through supercritical CO2 extraction and secondary distillation as well as conduct in-process quality testing. Such extracts can easily be incorporated into edibles, beverages, topicals, tinctures, vape cartridges and other products that will serve the Canadian medical and adult-use cannabis markets.

www.adastralabs.ca

About Pure Sunfarms Corp.

Located in Delta, British Columbia, Pure Sunfarms is one of Canada’s largest, single-site, licensed producers of high-quality, greenhouse-grown cannabis. With decades of growing experience and 1.1 million square feet of best-in-class greenhouse operations, the company has capacity to produce 75,000 kilograms of dried flower annually for the Canadian recreational market.

www.puresunfarms.com

Andrew Hale
Chief Executive Officer
Adastra Labs Holdings Ltd.
Phone: (778) 715-5011
Email: [email protected]

Stephen Brohman
Chief Financial Officer
Adastra Labs Holdings Ltd.
Phone: (778) 715-5011
Email: [email protected]

Address: 5451 275th Street, Langley, BC V4W 3X8
Telephone: 778-715-5011
Fax: 844-874-9893

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law including statements relating to repurposing production lines, acquisition of equipment, expected product quality and margins, capabilities to provide white label products. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE and Health Canada, economic, business, competitive, political and social uncertainties, failure to acquire and commission equipment, unexpected contamination of products, saturation of the market for the Company’s current and proposed future product offerings, termination of expected supply agreements and loss of key personnel. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which are available at www.sedar.com.

SOURCE: Adastra Labs Holdings Ltd.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

Source: https://www.cannabisfn.com/adastra-announces-supply-agreement-with-pure-sunfarms/

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CBD News: Italy suspends decree that added CBD preparations to narcotics law

Italy’s Health Ministry has backtracked on its decision to add ingestible, hemp-derived CBD formulas to a list of medicines in its narcotics law, issuing a decree to suspend the controversial change one day before it was due to take effect.

Italy suspends decree that added CBD preparations to narcotics law is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

From Italy suspends decree that added CBD preparations to narcotics law on CBD Products & CBD Business News – Hemp Industry Daily.

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Italy’s Health Ministry has backtracked on its decision to add ingestible, hemp-derived CBD formulas to a list of medicines in its narcotics law, issuing a decree to suspend the controversial change one day before it was due to take effect.

Italy suspends decree that added CBD preparations to narcotics law is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

From Italy suspends decree that added CBD preparations to narcotics law on CBD Products & CBD Business News – Hemp Industry Daily.

This was autoposted by IFTTT. To find out more, read my post about news articles.

Source: http://blog.hempcbd.business/2020/10/cbd-news-italy-suspends-decree-that.html

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Kiva Confections Launches Lost Farm Line Of Edibles

Popular edibles brand Kiva Confections has a new line that’s sure to make a splash.

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Kiva Confections announced on Thursday that it is launching Lost Farm, a new edibles brand featuring products infused with strain-specific live resin. Intended for experienced cannabis consumers, the new gummies and chews were designed to provide an effect that is brighter and more complex than traditional edibles produced with standard infusion processes. That allows Lost Farm products to provide a rich, full-spectrum experience usually reserved for smokers, according to a press release from the company.

“Today we can smoke or vape cannabis strains that range in taste from floral to fruit to diesel, with effects that span from soporific to stimulating. While appreciative for the nuances captured in inhalable formats, we had to ask ourselves: Why can’t we explore the incredible nuances of cannabis in an edible?” said Scott Palmer, the CEO and co-founder of California-based Kiva Confections. “Lost Farm is the culmination of the journey we went through to answer that question. Having spent ten years building a legacy of cutting-edge innovation in this field, Lost Farm is still something I’m particularly proud of.”

Lost Farm is a deliberate departure from Kiva’s family of popular low-dose cannabis edible brands, providing 10 milligrams of THC in each gummy or chew and a total of 100 milligrams per package. That healthy dose is only part of the story behind the effect of Lost Farm products, however. By using live resin, the full entourage effect of each strain can be preserved and infused into the final product.

“Lost Farm captures the intricacies of each cannabis strain’s unique flavors and effects. Within two hours of harvest, cannabis flower is flash-frozen to preserve its rich flavors and complex aromas,” the company explained in a statement. “Then, the flower is delicately extracted to create the most true-to-the plant cannabis extract possible: live resin. Live resin retains all the delicate cannabinoids, flavonoids, and terpenes normally lost in most extraction methods, to provide a truly revolutionary cannabis experience.”

Fresh And Fruity Flavors

To create Lost Farm’s flavors, the brand collaborated with some of the industry’s top cannabis cultivators to source each of the strains, which were then combined with complementary fruit flavors that accentuate the unique characteristics of each cultivar. The flavors available will change with the seasons as each grower brings their crops to harvest. 

The initial offering from Lost Farm includes three varieties of gummies. The first will mix raspberry with Blue Dream live resin, accentuating the strain’s sugary berry flavors. Strawberry Lemonade made with Super Lemon Haze “boasts sweet strawberry flavors upfront with a classic lemonade finish.” Also available as a limited release will be Citrus Spritz made with the Clementine strain, which serves “as the foundation for the sweet yet sharp, juicy citrus taste of this fruit gummy.”

The first batch of Lost Farm chews is slated to drop later this year. Blue Dream will be featured again, this time paired with the flavor of blueberries. Two strains, Wedding Cake and Watermelon Zkittlez, will complement watermelon flavor, and the key lime chew will be made with the varietal Lemon Meringue. 

All Lost Farm products are made with plant-based ingredients and are vegan-friendly. All varieties retail for $20 and are available from select California dispensaries and delivery services.

Source: https://hightimes.com/news/kiva-confections-launches-lost-farm-line-edibles/

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Study of Canadian Workers Shows No Link Between Cannabis Use And Workplace Injury

A recent study finds no association between workplace injury and cannabis usage.

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Workers in Canada who have toked up recently don’t appear to have faced any greater risk of a workplace injury than those who abstained, according to a new study out this week, suggesting that cannabis use isn’t necessarily linked to sloppiness on the job.

Researchers from the University of Toronto found “no evidence that cannabis users experienced higher rates of work-related injuries,” and pending other prospective studies, they said that “occupational medicine practitioners should take a risk-based approach to drafting workplace cannabis policies.”

The study, published this month in Occupational Medicine, was based on observations of 136,536 working Canadians. Researchers said that they used “used multiple logistic regression modelling to calculate the odds of experiencing a work-related injury (defined as non-repetitive strain injury) among workers who reported using cannabis more than once during the prior 12 months as compared to non-users,” and then “repeated the analysis among participants working in high injury risk occupational groups only.”

Of the more than 136,500 participants, “2577 (2%) had a work-related injury in the last 12 months,” and among those 2,577, “4% also reported being a cannabis user in the same period.”

“We found no association between past-year cannabis use and work-related injury (odds ratio for work injury among users 0.81, 95% confidence interval 0.66-0.99),” they wrote. “The association was unchanged in the subgroup analysis limited to high injury risk occupational groups.”

They concluded, as quoted by NORML: “To the best of our knowledge, this was the largest population-based cross-sectional study examining the association between past-year cannabis use and work-related injuries. … We found that workers reporting using cannabis more than once in the past year were no more likely to report having experienced a work-related injury over the same time period in a large cohort of the Canadian working population.”

The Canadian government made recreational marijuana use legal in the fall of 2018, although the unregulated weed market has continued to thrive north of the border.

The Study Corroborates Other Findings

The study published in Occupational Medicine follows other research that have dispelled the link between cannabis use and a lack of workplace safety. Earlier this year, researchers from San Diego State University in California and Auburn University found that “after-work cannabis use did not relate to any of the workplace performance dimensions,” which they said “casts doubt on some stereotypes of cannabis users and suggests a need for further methodological and theoretical development in the field of substance use.” 

For marijuana advocates, research like that has been vital in counteracting long-held perceptions about marijuana use, which has led to an end to pot prohibition in states and cities across the country.

In response to this week’s study in Occupational Medicine, NORML’s Deputy Director Paul Armentano took aim at “[s]uspicionless marijuana testing never has been an evidence-based policy.”

“Rather, these discriminatory practices are a holdover from the zeitgeist of the 1980s ‘war on drugs.’ But times have changed; attitudes have changed, and in many places, the marijuana laws have changed. It is time for workplace policies to adapt to this new reality,” Armentano said in a statement.

Source: https://hightimes.com/news/study-canadian-workers-shows-no-link-cannabis-use-workplace-injury/

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